“We expect an election to lead us to the Brexit end game. If PM Johnsons wins, he can implement his Brexit deal without too many problems. If the opposition wins, it would most likely call a second EU referendum. There is unfortunately also the possibility that Parliament will remain in a deadlock after an election,” says Mikael Olai Milhøj, Senior Analyst at Danske Bank . “For Sterling, it is difficult to see a path to a no-deal outcome anymore, which also explains why a lot of negativity has been priced out of the GBP.”
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